Ripple Metrics Soar but XRP Price Stuck Below $1.40

XRP's price is stuck below $1.40 despite impressive metrics from Ripple, according to recent data.

The XRP Ledger saw a 79% year-over-year increase in order-book volume to an average of 3.57 million XRP daily, while the number of accounts placing trades fell by 40%, from 1,864 to 1,111.

Average volume per trader roughly tripled, from 1,072 XRP to 3,217 XRP daily, and RLUSD balances on the ledger jumped 642% to $4.26 billion held.

Experts point out that this kind of concentration usually indicates institutional infrastructure absorbing retail flow or a market thinning out ahead of a bigger move.